Assessing and managing risks are essential functions for any organization, but they are particularly vital concerns for companies operating within the upstream sector of the oil and gas industry.
The TSX Group came to Houston on June 26 to drum up business for the Toronto Stock Exchange and the TSX Venture Exchange among the city’s energy community.
Houston-based Petrohawk Energy Corp. plans to sell its Gulf Coast division and will concentrate its efforts on developing and expanding its significant base of Mid-Continent natural gas resource-style activities, including tight-gas development in North Louisiana and East Texas and in the Fayetteville and Woodford shale formations.
The future of the Mexican oil and gas industry will be greatly impacted by the fiscal, legal and regulatory reforms that President Calderon will pass through Congress before the end of his term in 2012.
Just as the political climate has made it nearly impossible to construct new refineries in the United States, it is becoming increas-ingly difficult to build power plants to fuel our economy.
Italy’s Eni S.p.A. (“Eni”) recently purchased substantially all of theGulf of Mexico offshore oil andgas assets of Dominion Exploration& Production Inc. (together with itsparents, affiliates and subsidiaries, collectively“Dominion”) through Eni’sUS affi liate, more than tripling Eni’s holdings in the Gulf.
Richmond, Va.-based Dominion will sell most of its US onshore natural gas and oil exploration and production operations in two separate transactions for a total of nearly $6.5 billion.
Author’s note: My goal in writing this column is to highlight the philanthropic efforts of oil and gas executives in an effort to showcase the positives coming from those in the industry.
